**Original Question “How do we manage ourDivision/Product… Strategies?”*The Correct Question - “The Growth-ShareMatrix has been heavily criticized. Allow me toshow you a strategy framework that has itsroots in Data Science and uses Trends,Projections and a Portfolio Approach toStrategic Management of Products.”
*1. Divide your current (i) Investments and (ii) Revenues intoQuartiles. (Per Product/Division…)2. Arrange current and future positions on the GrowthMatrix. And connect them with arrows w/ #years-of-transition on them. Add x-y axes co-ordinates to get scorefor current and future product position.3. Use Linear Interpolation and Populate the Portfolio-TrendMatrix4. Create BoxPlots and Trends of Median/Total year on yearfor the Portfolio-Trend Matrix* Analyse and Create the Strategy*** Combine heavily correlated products into product groupsfor combined analysis or keep them separate in step (2)
**Collective Knowledge and Experience*Communication*Coordination*Democratic Management*Representation*Authority Consolidation*Avoidance of Action
**Indecisiveness*Compromised Decisions*Mediocre Decisions*High Costs*Diffused Responsibility*Domination by a Few*Perpetuation of the group*Transparency
**Committee’s – Overarching Purpose*Task Force – Till the immediate task is done orIssue Based
** **** (0) Post Id Agile Ideation on the whiteboard. Consensus* (1) Present your arguments (Critical Thinking)* Someone proposes a solution* Poker Voting – If majority agreement -> Freeze and move on* Mediation or Veto!!!* Goto – (1)* 2 Party System* Proposer, Initiator, Presenter & Defense* Opposition…* Iterate* Choose Sides* Argue* Mediator – Has Consensus been reached?* Mediator could Veto! Or Conclude!* Golden Rule: Stay away from midway- mediocre – negotiated settlements
** In general, an opinion is a belief about matters commonlyconsidered to be subjective, i.e., it is based on that which isless than absolutely certain, and is the result of emotion orinterpretation of facts. An opinion may be supported by anargument, although people may draw opposing opinions fromthe same set of facts. Opinions rarely change without newarguments being presented. It can be reasoned that oneopinion is better supported by the facts than another byanalysing the supporting arguments.In casual use, the termopinion may be the result of a persons perspective,understanding, particular feelings, beliefs, and desires. Itmay refer to unsubstantiated information, in contrast toknowledge and fact-based beliefs.
**There are usually better ways to get thingsdone than by committee’s in most cases*Consensus is the biggest problem*Committee’s by themselves are not bad howwe run them is! Lets fix that*The purpose is “people exchange, ideas andinformation and take a joint decisions”
** A committee is a group of persons within an organization to whom, as a group, somematter is committed. The committee may be formed for a limited duration or astanding committee. Also the members of the team may or may not have otherresponsibility in the organization in addition to those as a member of the committee.* The biggest advantage of committee is that it provides a convenient means of a largernumber of people exchange, ideas and information ad take a joint decisions. By carefulselection of the membership of committees, it is possible to bring together a widerange of ideas, expertise and interests together. When committee consists of peoplerepresenting different department and functions in the department, it helps to ensurethat all aspects of a decision are considered before final decision. Also, as decisionsare taken jointly be all the committee members, their acceptance by all thedepartments represented on the committee is easier.* Major disadvantage of committee is that they usually require considerable expenditureof total manpower in the committee work. The committees are also known to causeexcessive delays in decision making and in taking action. Frequently, an absence of aclear cut authority and responsibility for results, the committee becomes tend to takedecision that represent compromise between dissenting views rather than an optimalbalance of conflicting requirements. In some situations, where one member or a smallgroup is significantly more powerful than others, some people may impose theirdecision on the committee. In this way the more powerful members gain power beyondthe intended limits. Further, this power is not accompanied by matching responsibility.
**It’s the Idea’s that matter*So lets open up committee’s to the entireorganization over a social tool
**Don’t Represent groups/divisions*You have to take sides on the issue at hand asan individual expert*The organizational context is an additionallearning experience but not a binding opinion*!#@$^$%$#&^*&^*^&(*()*&)&)*(